C.V.O. Chartered & Cost Accountants' Association

Association News

Compiled by : Shri Ketan S. Rambhia (C.A.)

Events In Retrospect

Study Circle Committee

1. A Study Circle Meeting on 'Revised Audit Format and Overview of AS-16, 17, 20 and 22' was held on 21st June 2002.Young member of our association Shri Miral Nagda led the meeting and Shri Parag Ved C.A. chaired the meeting. 45 participants attended the meeting.

Various issues relating to AS-16, 17, 20 and 22 were discussed and debated. The group was of the opinion that following of these standards in case of non-corporate entities and small private limited companies will be very difficult.

The chairman clarified that the auditor is otherwise also required to follow the Accounting Standards and Statements on Auditing Practices and therefore the revised format is only clarificatory. The meeting was concluded with vote of thanks to the group leader and chairman.

2. Study Circle Meeting on 'Recent Amendments to Central Sales Tax, 1956' was held on Friday 12th July 2002. Shri Nitin Kenia, C.A. led the meeting and Shri Janak Vaghani, C.A. chaired the meeting. Around 25 members attended the meeting.

The group leader explained in detail the recent amendments carried out through the Budget, particularly the amendments in the definition of 'sale' and amendments relating to the 'C' forms. He also provided the comparative analysis of tax structure before and after the amendments.

The chairman explained the future implications of the amendments and satisfactorily replied to the questions raised by the members. Meeting ended with vote of thanks to the group leader and chairman.

Members & public relations committee

Annual planner 2002-2003

The Annual Planner for the period July, 2002 to June, 2003 was recently released. 1500 copies were printed. The Planner has proved to be very useful to all the users as it lists various statutory due dates in each month.

Forthcoming Events

Emarging Area And Allied Laws Committee

Workshop on Valuation
Dates    : Wed., Fri & Fri. 21st, 23rd & 30th Aug., 2002
Time     : 9.30 am to 5.30 pm
Venue   : J.S. Lodha Auditorium, Anveshak, WIRC
Fees     : Rs. 1,650/- per participant
(Inclusive of course material, snacks, lunch, etc.)

Topics & Speakers

Wednesday, 21-08-2002
Introduction & DCF Valuation Earnings, Asset based & Market Valuations by Shri Arvind Bansal, CEO Skyzen Cap. Advisors ;Shri Sujal Shah, C.A.

Friday, 23-08-2002
Suitability of Methods, Practical Problems, & Real Life Examples by Dr. Pravin P. Shah, C.A.
Valuation of Shares & Intangibles by Shri Ketan A. Dalal, C.A.

Friday, 30-08-2002
Suitability of Methods, Practical Problems, & Real Life Examples by Dr. Pravin P. Shah, C.A.
Valuation Experience of Investment Bankers by Eminent Investment Bankers

Participants would be given homework at the end of the 4th session on 23-08-2002 and the same would be discussed in the last session on 30-08-2002.

CPE credit of 12 hours awaited.
Enrolment restricted to 50 participants. Programme is organised jointly with Western India Regional Council of the Institute of Chartered Accountants’ of India. Draw your cheque in the name of the association

For Details Contact
Sanjeev Lalan (O) 373 0112
Vishal Gada (O) 414 7000
Ketan Saiya (O) 412 8735

C.V.O. CA's News & Views

Vol.5 No.6 July - Aug 2002